Honeywell 2010 Annual Report Download - page 31

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A reconciliation of segment profit to consolidated income from continuing operations before taxes are as follows:
Years Ended December 31,
2010 2009 2008
Segment Profit $ 4,616 $ 4,097 $ 4,845
Other income/ (expense)(1) 66 29 685
Interest and other financial charges (386) (459) (456)
Stock compensation expense(2) (164) (118) (128)
Pension expense- ongoing(2)(3) (189) (296) 91
Pension mark to market adjustment(2)(3) (471) (741) (3,290)
Other postretirement income/(expense)(2) (29) 15 (135)
Repositioning and other charges (2) (600) (478) (1,012)
Income before taxes(3) $ 2,843 $ 2,049 $ 600
(1) Equity income/(loss) of affiliated companies is included in Segment Profit.
(2) Amounts included in cost of products and services sold and selling, general and administrative expenses.
(3) As revised for the change in our method of recognizing pension expense. See Note 1 of Notes to Financial Statements for a discussion of the change and
the impacts of the change for the years ended December 31, 2009 and 2008.
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